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Simone Biles I'm Baaaaaack!!! ... Competing For First Time Since Tokyo Olympics

Simone Biles is BACK -- the 26-year-old gymnastics legend is set to make her big return to the sport at the U.S. Classic later this year ... her first competition since withdrawing from multiple events at the Olympics to focus on her mental health.

Team USA announced Wednesday Biles will compete at the Aug. 5 event ... saying, "BILES IS BACK."

By the way, Biles is no stranger to the competition -- she's the five-time women's champion.

Biles famously backed out of the individual all-around and the majority of the team final at the Tokyo Games in July 2021 ... revealing she was dealing with a bad case of the "twisties," which could have resulted in serious injury had she fought through the issue.

Biles -- the seven-time Olympic medalist -- went on to win a bronze medal in the balance beam finals ... but since traveling back to the States in 2021, she has only trained her skills in the gym.

"It means more than all of the golds," the two-time Olympian told the Today Show about her third-place finish in 2021.

On Team USA's announcement on Instagram, two-time Olympic gold skier Mikaela Shiffrin celebrated Biles' return ... writing, "Yes!! 🙌 "

TMZ.com

Recently, there's been plenty more for the gymnastics G.O.A.T. to celebrate about -- she tied the knot with the Green Bay Packers' Jonathan Owens in May ... and who knows, maybe the couple could take another honeymoon in Paris ... at the 2024 Summer Olympics!!!

It's been a long time since we've seen Biles compete ... but fans will certainly be counting down the days 'til Aug. 5.

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